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Descriptive Statistics Analysis and Writeup 17th November 2022 £6.68
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  3. American InterContinental University (AIU)
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  5. STAT 200

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Descriptive Statistics Analysis and Writeup 17th November 2022
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Data Set Description and Method Used for Analysis: The data set is part of a larger data set which is a random sample from the US Department of Labour’s 2016 Consumer Expenditure Surveys (CE) and provides information about the composition of households and their annual expenditures ( household...

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  • November 18, 2022
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  • 2022/2023
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University of Maryland University College
STAT200 - Assignment #2: Descriptive Statistics Analysis and Writeup


Identifying Information
Student Name: James Shadle
Class: STATS200
Instructor: Professor Tanali
Date: 7 Oct 2018


Introduction:
This scenario is a 51-year-old male, not married with a family size of one.

Table 1. Variables Selected for the Analysis
Variable Name in the Data Set Description Type of Variable

Variable 1: Income $95,432 Quantitative

Variable 2: Marital Status Not Married Qualitative

Variable 3: Family Size 1 Quantitative

Variable 4: Annual Expenditures $55,120 Quantitative

Variable 5: Housing Costs $18,391 Quantitative


Data Set Description and Method Used for Analysis:
The data set is part of a larger data set which is a random sample from the US Department of Labor’s
2016 Consumer Expenditure Surveys (CE) and provides information about the composition of
households and their annual expenditures (https://www.bls.gov/cex/). It contains information from 30
households, where a survey responder provided the requested information; it is all self-reported
information. This dataset contains four socioeconomic variables (whose names start with SE) and four
expenditure variables (whose names start with USD).


Results:

Variable 1: Income

Numerical Summary.
STAT200: Assignment #2 - Descriptive Statistics Analysis Writeup
Page 1 of 6
This study source was downloaded by 100000857259159 from CourseHero.com on 11-18-2022 02:36:16 GMT -06:00


https://www.coursehero.com/file/34877847/Assignment-2-Descriptive-Statistics-Analysis-and-Writeup-Shadledoc/

, Table 2. Descriptive Analysis for Variable 1
Variable n Measure(s) of Central Tendency Measure(s) of Dispersion

Variable: Income 1 Median= $96,907 SD = $6402.22




Description of Findings.

The histogram shows a significant gap in annual income between $102,000-$109,000 per year.
Most of the people surveyed fall between $94,000-$102,000 with the median at $96,907 annually.


Variable 2: Marital Status

Numerical Summary.
Table 3. Descriptive Analysis for Variable 2
Variable n Measure(s) of Central Tendency Measure(s) of Dispersion

Variable: 2 50/50 n/a




STAT200: Assignment #2 - Descriptive Statistics Analysis Writeup
Page 2 of 6
This study source was downloaded by 100000857259159 from CourseHero.com on 11-18-2022 02:36:16 GMT -06:00


https://www.coursehero.com/file/34877847/Assignment-2-Descriptive-Statistics-Analysis-and-Writeup-Shadledoc/

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